Canary

Rally

<p>The crypto market remains unpredictable, with some coins bouncing back while others are still searching for momentum. Ripple (XRP) is one of the few showing signs of potential growth, especially with new predictions suggesting its price could reach $12. Currently, XRP’s price is in a narrow range.&nbsp;</p> 
<p>But with a macro wave on the horizon, many wonder if this could push Ripple to new heights. Let’s explore the factors that could make this price target possible and break down the key developments surrounding Ripple.</p> 
<h2 class="wp-block-heading" id="xrp-positioned-for-wave-3-and-rally-to-12">XRP Positioned for Wave 3 and Rally to $12</h2> 
<p>XRP is currently set for what experts call a “third macro wave.” This is a stage where, historically, prices rise significantly as buying pressure builds. At the moment, <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noreferrer noopener nofollow">XRP is priced</a> between $0.5217 and $0.5341. However, if this third waveforms as predicted, it could send XRP’s price much higher, possibly even to $12.</p> 
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<p>Technical analysis supports this idea. XRP’s 50-day moving average sits at $0.56950, and the next key resistance levels are at $0.68306 and $0.75475. If XRP can break through these points, it may trigger a strong upward move, similar to that of <a href="https://www.cryptotimes.io/2024/09/26/notcoin-makes-a-25-leap-this-week-analyzing-price-moves/" target="_blank" rel="noreferrer noopener">Notcoin</a>. While this prediction seems optimistic, past trends in the crypto market have shown similar movements when conditions were right.</p> 
<h2 class="wp-block-heading" id="second-xrp-etf-in-the-us-can-help">Second XRP ETF In the US Can Help</h2> 
<p>Another important event that could drive XRP’s price up is the recent filing of a second XRP-based ETF in the United States. Canary Capital submitted this ETF, signaling increased interest from institutional players. When ETFs are approved, they often bring in new buyers and more liquidity, which can push prices higher.</p> 
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<p>If this XRP ETF is approved, it could make Ripple more accessible to a wider range of holders. This would likely increase demand for the coin and create upward pressure on its price. While the approval process for ETFs takes time and isn’t guaranteed, this is still a key development to watch. It could be one of the factors that helped XRP’s price rally toward $12.</p> 
<h2 class="wp-block-heading" id="ripple-burns-470-million-rlusd-can-push-price">Ripple Burns 470 Million RLUSD Can Push Price</h2> 
<p>In another recent move, Ripple burned 470 million RLUSD stablecoins during its beta project testing. When tokens are burned, they are permanently removed from the supply. This can lead to higher prices because there are fewer tokens available in the market.</p> 
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  <img loading="lazy" decoding="async" width="750" height="601" src="https://www.cryptotimes.io/wp-content/uploads/2024/10/Ripple-Stablecoin-Tracker.png" alt="Ripple Stablecoin Tracker" class="wp-image-206231">
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<p>This burn is a positive sign, showing that Ripple is actively managing its supply, which could support the price of XRP. However, for this burn to have a lasting impact, demand must stay strong or increase. If fewer people are interested in buying XRP, the burn might not result in a higher price. Still, it’s a factor that could help XRP move toward the $12 target.</p> 
<h2 class="wp-block-heading" id="minotaurus-mtaur-a-smart-addition-for-xrp-holders-amid-the-upcoming-rally">Minotaurus ($MTAUR): A Smart Addition for XRP Holders Amid the Upcoming Rally</h2> 
<p>With technical analysis hinting at a rally around the corner, XRP fans are excited. Many are eagerly anticipating this rally and stocking up on XRP, while savvy players are exploring alternatives as well. One standout option getting traction among XRP holders is <a href="https://minotaurus.io/?utm_source=www.cryptotimes.io&amp;utm_medium=B_BUO&amp;utm_campaign=f3uspchvhsx0ggejxqsn" target="_blank" rel="noreferrer noopener nofollow">Minotaurus ($MTAUR)</a>. Right now, $MTAUR is priced at $0.00005963, which is a staggering 70% lower than the listing price of $0.00020.&nbsp;</p> 
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 <img loading="lazy" decoding="async" width="1024" height="128" src="https://www.cryptotimes.io/wp-content/uploads/2024/09/Minotaurus-MTAUR-BULL-RUN-AHEAD-1024x128.jpg" alt="MTAUR BULL RUN AHEAD" class="wp-image-200155">
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<p>The presale offers an even more attractive entry point at just $0.000040. In the vibrant world of Minotaurus, players can use $MTAUR tokens to unlock special features like avatar customization, boosters, and exclusive zones, adding a whole new level of excitement to the gameplay. With the casual gaming industry valued at nearly $15 billion and growing at approximately 9% each year, this is a unique chance to be part of something big.&nbsp;</p> 
<p>Holders can enjoy referral bonuses for sharing the project with friends and a vesting program with extra benefits for those who extend their holding period. With a team that brings decades of experience from successful crypto projects, Minotaurus is set for a bright future!</p> 
<h2 class="wp-block-heading" id="conclusion">Conclusion</h2> 
<p>XRP’s potential rise to $12 depends on several factors. The third macro wave, the possible approval of an XRP-based ETF, and Ripple’s recent token burn all suggest that a price increase is possible. However, XRP must break through key resistance levels and maintain strong demand to reach this target.&nbsp;</p> 
<p>While the future looks promising, the crypto market can be unpredictable, so diversification won’t hurt. Among the picks favored by XRP holders is <a href="https://minotaurus.io/?utm_source=www.cryptotimes.io&amp;utm_medium=B_BUO&amp;utm_campaign=f3uspchvhsx0ggejxqsn" target="_blank" rel="noreferrer noopener nofollow">Minotaurus ($MTAUR)</a>. Its presale is gaining steam, and low-priced tokens are selling out quickly. To reap the early bird advantage, it’s worth acting fast.</p>

Price Analysis: XRP by $12, Could The 3rd Wave Make it True?

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The Crypto Times

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